Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
A16z supports the CFTC against state regulators attempting to ban prediction markets, arguing that such actions obstruct federal access and liquidity. Monthly trading volume hit $25.7 billion in March. #Update #Crypto $BTC
The Pentagon signs AI deployment deals with @Google, @OpenAI, @SpaceX, and others to enhance military networks’ decision-making capabilities. Concerns about oversight and transparency remain. #Update #Tech
@AnchorageDigital partners with M0 to enhance stablecoin issuance for U.S. institutions, aligning with new regulations under the GENIUS Act #Update #Crypto $USDC
Sen. Jeff Merkley and Democrats urge the CFTC to ban event contracts, including sports, citing integrity concerns on platforms like @Kalshi and @Polymarket. #Breaking #Legal
Federal Reserve Chair Jerome Powell will remain on the board as Governor after his term ends in May, citing legal pressures. The Fed held interest rates steady at 3.5%-3.75%. #Update #Legal $BTC
@KuCoin EU has appointed Carmen Kleinhans as its new Anti-Money Laundering chief, expanding compliance efforts after being barred from onboarding new clients by Austria’s FMA. #Update #Crypto
@Visa has expanded its stablecoin settlement program to five new blockchains, including Coinbase’s Base and Polygon, increasing support to nine networks amid a $7B annualized settlement value. #Update #Crypto $MATIC
U.S. District Judge Lewis Kaplan denied Sam Bankman-Fried’s motion for a new trial, dismissing claims of government threats to witnesses, maintaining his 25-year fraud conviction. #Update #Legal
Canada proposes a nationwide ban on crypto ATMs to combat fraud and money laundering, citing their role in scams. This follows a FINTRAC report identifying them as primary tools for illicit activities. #Update #Crypto $BTC
The CFTC sued Wisconsin over its lawsuit against prediction market platforms like @Coinbase and @Robinhood, escalating a jurisdictional conflict on sports-related markets. #Breaking #Legal
Canada’s federal government plans to ban crypto ATMs to combat rising fraud, impacting nearly 4,000 machines nationwide. #Breaking #Legal
Sze Man Yu Inos sentenced to 71 months for defrauding elderly with fake Bitcoin investment scheme, ordered to pay $769,355.67 restitution and forfeit $684,848.34. #Breaking #Legal
Wisconsin has been sued by the Commodity Futures Trading Commission (CFTC) for operating unlicensed gambling markets, joining New York and Arizona in legal actions against prediction market firms like @Kalshi and @Crypto.com. #Breaking #Legal $BTC
The U.S. Commodity Futures Trading Commission (@CFTC) is implementing AI to automate registration processes, enhance market oversight, and combat fraud in cryptocurrency markets while collaborating with the SEC on digital asset taxonomy. #Update #Crypto $BTC
